European Firms Line Up for Nasdaq

By

Ben Rooney

Jan 23, 2013 12:07 pm GMT

MUNICH—Some 20 European companies are looking to float on Nasdaq, the exchange’s executive vice president said.

“There are a few from the U.K., a few from Russia, a few from Germany, Spain, and Israel, which has always been very strong for us,” said Bruce Aust, speaking at the DLD conference here. “There are about 120 companies from China listed with us. Second is Israel with about 80.

“Twenty companies in Europe looking to access U.S. markets is something I have not seen in several years.” He didn’t say over what timescale these companies were looking to list.

Mr. Aust said that for European companies, floating in the U.S. was an obvious move. “List in the place you can get the best valuation and the best analysts, and investors around the world can still buy your stock,” he said.